Transcribed image text: 4. Fixed Assets (19 Marks) Rebecca's parents purchased a motor home (RV) for $60
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Transcribed image text: 4. Fixed Assets (19 Marks) Rebecca's parents purchased a motor home (RV) for $60 000 on 31 July 2019. They plan on keeping this vehicle for approximately 3 years to travel around the country. After they have finished travelling, at the beginning of December 2022, they plan to sell this vehicle for approximately $32 000 cash. The financial year ends on 28 February each year. (8) 4.1 Complete the Fixed Asset Register for the motor home from the date of purchase until the expected date of sale. Asset Motor Home Cost Price $60 000 Registration No. BROKEDLER Depreciation Method Diminishing Bal Date Purchased 31 July 2019 Depreciation Rate 20% p.a. Date Depreciation Accumulated Depreciation 28 February 2020 28 February 2021 28 February 2022 1 December 2022 4.2 Identify TWO things Rebecca's parents can do to ensure that this motor home is sold for as high a resale value as possible in December 2022? (2) 4.3 (9) Complete the Asset Disposal Account in the General Ledger to calculate the profit (or loss) that may be made on the sale of this vehicle at the beginning of December 2022. Asset Disposal
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